SoftBank unit behind risky multibillion-dollar tech bets dumps shares in U.S. tech giants
The Tokyo-headquartered conglomerate invests in publicly listed shares through its SB Northstar trading unit and it provides a breakdown of the unit's portfolio companies in its quarterly results.
At the end of March, SoftBank had $3.1 billion of Facebook shares, $1 billion of Microsoft shares, $575 million of Alphabet shares and $382 million of Netflix shares. But all four were unlisted in its June report. In total, SB Northstar held stakes in firms worth $13.6 billion at the end of June, down from $19 billion at the end of March.
, Amazon, Microsoft and Netflix, potentially driving up valuations in the sector. SoftBank declined to comment on the report at the time.
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